The Role of the U.S. Congress in the Auto Bailout

The Role of the U.S. Congress in the Auto Bailout

THE ROLE OF THE U.S. CONGRESS IN THE AUTO BAILOUT

The Role of the U.S. Congress in the Auto Bailout
Chandria Metevia
April 8, 2012
Dr. A. Christophe

General Motors
General Motors Corporation (GM) is the world's largest full-line vehicle manufacturer and marketer. Its brands include Chevrolet, GMC, Buick, Cadillac, Saturn, Hummer, Saab and Pontiac, which was discontinued in 2009. Opel, Vauxhall, and Holden comprise GM's international nameplates. GM system of global alliances, GM holds stakes in Isuzu Motors Ltd., Fuji Heavy Industries Ltd., Suzuki Motor Corporation, Fiat Auto, and GM Daewoo Auto & Technology. Other principal businesses include General Motors Acceptance Corporation and its subsidiaries, providers of financing and insurance to GM customers and dealers. The company has approximately 326,000 employees. (referencebusiness.com)
General Motors is one of the world's largest auto manufactures. . It was the world’s largest car maker from 1931 to 2008, when it was surpassed by Toyota (newyorktimes.com). The company was founded in 1908, and today manufactures cars and truck domestically and internationally. For most of the 20th century, General Motors was the biggest company in the industry worldwide. It not only led in automotive innovations, but it helped to define the new bureaucratic multinational corporations that shaped the post-war economy.
Chrysler
Chrysler LLC, for years America's third-biggest automaker, is a U.S. automobile manufacturer headquartered in the Detroit suburb of Auburn Hills, Michigan. Chrysler was first organized as the Chrysler Corporation in 1925. Chrysler and its subsidiaries were part of the German based DaimlerChrysler AG due to a merger in November 1998 (http://en.wikipedia.org/wiki/Chrysler). The Chrysler brand includes Mercedes-Benz, Freightliner, Sterling, Setra, and Western Star Trucks. The company's revenue stream is heavily weighted toward the United States and Europe--the...